Rep. Kapture Tells It On The Bailout

iVillage Member
Registered: 03-25-2007
Rep. Kapture Tells It On The Bailout
50
Wed, 09-24-2008 - 11:24am

Rep. Kapture on the Hill about this crazy bailout:


http://www.youtube.com/watch?v=S27yitK32ds


 

Sopal


Sopal

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iVillage Member
Registered: 01-28-2004
Wed, 09-24-2008 - 1:36pm

The idea sounds good about giving taxpayers an equity stake in the bailout don't know how it could actually be done. Don't know about stopping all foreclosures though, unless I can get an equity stake in someone's house.

iVillage Member
Registered: 09-22-2008
Wed, 09-24-2008 - 1:47pm
I just say screw it and let things happen, then we're all even again and it is up to us, not our children or grandchildren or future generations to clean up the mess.....
iVillage Member
Registered: 01-28-2004
Wed, 09-24-2008 - 1:55pm
I don't understand
iVillage Member
Registered: 03-26-2003
Wed, 09-24-2008 - 2:31pm
Domenici has a brain wasting disease. http://www.abqjournal.com/news/state/apdom10-04-07.htm That's why he's chosen to not run again for office. It may also be affecting his decision-making processes.

Gettingahandle


Ignorance is Nature's most abundant fuel for decision making.


Facts stifle the will, hobble conviction.

Gettingahandle

Ignorance is Nature's most abundant fuel for decision making.

iVillage Member
Registered: 09-22-2008
Wed, 09-24-2008 - 2:38pm

I'm sorry to hear that - but then he should have resigned - he is of no use where he is now as one of the most powerful politicians in the United States.

iVillage Member
Registered: 03-26-2003
Wed, 09-24-2008 - 2:47pm

Problem is that nobody really knows if/how his judgment is affected. Any indictment of Domenici's abilities to function could be turned into precedent and used against others like Teddy Kennedy. Am guessing that both parties know there are members who aren't the sharpest tools in the box!

I will be glad to see Domenici go. He may be St. Pete to those at the national labs in Los Alamos and Sandia, but he ain't to me! I don't care for his continued championing of nuclear energy and drilling. In November, we have a choice between uber-conservative Steve Pearce and the quite liberal Tom Udall.

Gettingahandle


Ignorance is Nature's most abundant fuel for decision making.


Facts stifle the will, hobble conviction.

Gettingahandle

Ignorance is Nature's most abundant fuel for decision making.

iVillage Member
Registered: 03-26-2003
Wed, 09-24-2008 - 3:25pm
Your understanding is fine and it IS mindboggling.
iVillage Member
Registered: 09-22-2008
Wed, 09-24-2008 - 3:33pm
Just what we need, a guy who was part of the Keating 5 negotiating a "bailout."
iVillage Member
Registered: 04-19-2008
Wed, 09-24-2008 - 4:06pm

I'm new to the board but have some insight here

iVillage Member
Registered: 03-26-2003
Wed, 09-24-2008 - 4:19pm
That is a fair argument as far as it goes. My objection is that IMHO, the sorts of bonuses that have become common in the last 1-2 decades are simply a form of legal embezzling. If the best and brightest will only work as long as they can fleece the company they work for, maybe they should try the track instead.